"Frankly, the world has changed, things that we thought were absolutely fair practice ten years, 20 years ago, 30 years ago aren't any more." So said Ukip leader Nigel Farage, when quizzed about his off-shore tax account in the Isle of Man

THE ISLE of Man (IoM) public sector faces massive cuts after the UK government imposed a new UK-IoM value added tax sharing agreement without any prior discussion between the two governments, writes Christian Daugherty, Isle of Man.